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of just 2.5% in the u.s., 1.5% in canada and zero growth in the uk. locally, cutbacks in government spending weighed on the numbers and lower commodity prices also impacted on cash flow and the government is facing more criticism about its effort to keep the budget in surplus while the economy grows. >> the government has had the objective of making sure that we would bring our budget back to surplus when growth has been around trend. what we've been seeking to do through good budget policy has been to provide maximum flexibility to the reserve bank to a just rate so. the government will always put in place appropriate budget settings which will support growth and jobs. >> still, analysts say growth could slow further as the mining investment boom peaks. yesterday, the bank of australia cut interest rates to a record low of 3% and traders are looking further easing next year to offset the falling talks of trade, the high australian daughter and further cutbacks in government spending. >> despite that prognosis for rates and the fact that we're now matching the record lows here, the
of the burden of having to govern egypt. removing themselves from the political system is more in keeping with the history of the egypt armed forces since the 1967 defeat when they determined being a political army was not good for their organization and their ability to fight a war on the battlefield. >> when you look at the struggle, is it first of all essentially the islamist versus the secularist, and is it fair to say as everybody does the islamists have greater appeal, they're better organized, they're going to win this? >> i think it is, right now there are basically three groups here that are contending for the loyalties of the great undifferentiated mass of egyptian people. one group is the egyptians. the people you remember from tahrir square a couple years ago. the third group, the mubarak loyalists. during the revolution of 2011, it was the islamists and young revolution nar ees against the loyalists. now because they have been so heavy handed in the way they have governed the transitions it's now really the revolutionaries fighting them. it takes egypt significant step more t
relieved of the burden of having to govern egypt. removing themselves from the political system is more in keeping with the history of the egypt armed forces since the 1967 defeat when they determined being a political army was not good for their organization and their ability to fight a war on the battlefield. >> is the struggle the islamist versus the seculars and is it fair to say as everybody does while the islamists have greater appeal, they're going to win this. >> there are basically three groups here that are contending for the loyalties of the mass of egypt people. one group is the egyptians. the other is the muhbaric loyalists. it was the islamists and the young revolutionaries against the loyalists. now because they have been so heavy handed in the way they have governed the transitions it's now really the revolutionary finds themselves with these loyalists. they're big grievance is this institution. it takes egypt significant step more toward islamic policy. just a really quick example. article two has said in egypt since 1971 that the sharria is the main source of legislati
, for exactly the reasons you just mentioned, because the government, you know, from the top down refuses to acknowledge this as terrorism, refuses to acknowledge the radical islamist angle, that he was communicating with a spiritual leader of al-qaeda before this attack happened, and because they still want to call it a workplace violence incident, they're unwilling to take all the necessary steps they would need to acknowledge that this guy's a traitor, killed our fellow members, and we're going the use every step possible. instead he's just a regular defendant on a murder trial, no islamic angle, and they're limited. megyn: well, you could make the argument that this will preserve the credibility of the verdict if it comes down guilty at the end of all these proceedings, that we bent over backward to protect this guy's rights as we do in our criminal justice system. pete, great to have you here. thanks so much for your perspective. >>> up next, a bombshell in the legal battle between the lawmakers in one state and their teachers' union. >>> plus, the woman best known for running "vogue
? >> reporter: let's show you some of the savings when it comes to government spending. first of all, they put about $600 billion in what the republicans are calling health savings. we understand -- we don't have details. we understand much of that comes from medicare, things that we've heard from republicans over and over like raising the eligibility age, means testing, things like that. so then we have about $600 billion in essentially spending cuts, half from mandatory spending, half from discretionary spending. this is the other very interesting thing that's new. $200 billion from revising the consumer price index. that sounds very technical. but it has very real world consequences because it very much could affect the money, the checks that social security recipients in particular get every single month because it effectively changes inflation so it changes the formula from what they would get. >> significant differences between the white house proposal on this part of the equation as well as on the tax equation. the politics behind this latest republican counterproposal, are they just go
in renewable energy has fallen by a half since this government came to power. would the chancellor not agree with me that what we need is to look to the future and to invest in the green jobs? and to that end, will be see to it, the 2030 decarbonization target in the energy bill -- companies in this country and recommended by the climate change committee? >> well, the first thing i would say is that this government has introduced -- making investmen investments, introducing the carbon price goal which is recognized around the world as a very effective way of ensuring a decarbonization market driven way of our economy, and we've just published an energy bill and to let the control framework that would allow for new renewable investment to the rest of this decade. the industry has that, alongside the cast strategy. on the decarbonization target, as they say we're going to take a power in the bill to set a target but that would be a decision for after the next carbon budget which happens in 2016. that is a perfectly sensible and rational approach to take. >> cannot congratulate the chancellor o
't a progress report because there's no progress to report. >> tax cuts? not government spending, not irresponsible entitlements. that gets a pass. it will be tax cuts. obama's premise that this country'country'scountry's firse fraudulent and he's fixing it, and they'll be etched in stone. tax cuts. >> the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter. >> when it comes to fiscal cliff that's threat nick our economy and threatening jobs, the white house has wasted another week. >> tax cuts is what caused the fall of the united states from super power status. >> this president just won a big election and you would think that he would want to lead. >> we've had the election. the president was clear in the campaign that he was advocating and fighting for the middle income tax cuts. >> tax cuts. the whole premise of tax cuts is going to be blamed for all of this economic mess. >> this is a moment of truth. the clock is ticking, christmas it coming, the goose is getting fat. in many homes acros
nelson man dela is in the hospital. a government statement said he was admitted in pretoria today to undergo test. they say he's doing well and the tests are routine for someone his age. he's 94 years old. we'll have a live report on his condition coming up in 20 minutes. >>> u.s. authorities are investigating whether a man detained in egypt played a role in the attacks on the u.s. consulate in benghazi. egyptian authorities have detained mohamed jamal abu ak med. he was removed from prison after the downfall of mubarak's regime. susan, what do we now know about the arrest of the alleged terror suspect? >> hi, joe. u.s. authorities are looking at whether this man involved in an egypt-based terror network is responsible for that attack on the u.s. consulate in benghazi on september 11 according to a u.s. official with direct knowledge of the investigation. mohamed achmed was detained by egyptian authorities. the fbi which is conducting the investigation has not had access to him yet. following the attack he popped up on their radar. the official wouldn't comment on what led them to
in the government's effort to go after the rebels. i mean, we have seen babies and children, women, civilians tortured and killed day after day in syria. and now the thought that they might unleash chemical weapons on them is focusing new attention on what happened back in 1988 when saddam hussein did it. he used the same type of chemical weapons to kill kurds, thousands of them. again, back in '88. thousands of innocent died in the attack, more than 10,000 suffered horrific injuries, not to mention -- we'll talk about it, exactly what happened in '88, how it unfolded, how they handled it and what the death toll was. they said birds just started dropping out of the sky, sheep and goats -- that was the first sign -- started keeling over in the fields dead, and then came the human death toll. it happens quickly, and it is awful. and it is one of the reasons why our government is taking this so seriously, this possible threat. and preparation now of weapons like sarin gas. more on that coming up in just a bit. >>> also from washington right now, fox news has confirmed that the fbi is today inves
, government bonds, where do you want to be. and equity in my mind mind is absolutely not. you need good growth numbers to justify the equity markets going up. now, i think there's a lot of investors looking at the yields on ghoechlt bonds or credits and that's motivating them to move into equity. i think the numbers are actually going to be relatively small. and i would certainly advocate against doing that because as you were saying, weak numbers, unless you see some much stronger growth, it's hard to justify current valuations. >> both of you stick around because we'll talk about china in just a second. today we'll be out in tokyo, as well, to assess what options the bank of japan really has. policy will not be dictated by market opinion. we'll take stock of britain's progress towards deficit reduction, this ahead of the chancellor's autumn statement. senior fellow for international economics. will the numbers live up to the expectations. meanwhile, over in ghi narks the mainland's factories are crank out more goods at the fastest pace in month. >> chinese factories appear to be recovering.
, down the road an islamist-led government could use the constitution to deny them the right. they don't want to vote on this draft constitution. that's why they're out here protesting at this hour. >> reza, as always, appreciate your reporting from sicairo. >>> strong warning for syria's president not to use chemical weapons against his own people. nato secretary-general said the use of such weapons would result in an immediate reaction, his words. he described the syrian stockpiles as a matter of great concern and president obama has been warning of consequences if al assad makes what mr. obama calls the tragic mistake of using chemical weapons. former british prime minister tony blair voiced his concerns earlier on cnn. >> i mean now the death toll probably would be around 40,000, since this began, since a large number of people. but if there was any sense at all that assad was going to use chemical weapons or did use chemical weapons against his own people i expect a tough response that would be military. >> and nato is taking no chances by trying to protect one of its members, all
, more conflict between them. >> the syrian government is under increasing pressure tonight. the american and russian foreign ministers met with the u.n. envoy on syria and hillary clinton said events on the ground in syria are accelerating. she also joined the u.s. defense secretary in expressing concern that damascus is considering using chemical weapons against the rebels. >> i think there is no question that we remain very concerned, very concerned. as the opposition advances, in particular on damascus, the regime might very well consider the use of chemical weapons. >> secretary panetta went on to say that the white house made it clear there will be consequences should the assad regime make the mistake of using those weapons on its own people. for more on the perspective from damascus, i spoke a short time ago to the bbc's jeremy bolon -- jeremy bowen. >> the issue has been pretty firm on the use of chemical weapons. any news from damascus? >> i think the regime here can feel the pressure. it has been under huge pressure in the last couple of weeks, increasing pressure. of the most p
on the street? >> that is an accusation by the government against his opponents. the opposition say president morsi is acting like mubarak and he says the opposition has remnants of the old regime and is stirring up trouble, but there's no evidence to support that. >> any more demonstrations planned for the weekend? >> the weekend is a long way away. we will take its hour by hour. the opposition of threatened another march on the presidential palace this afternoon. and there's the ultimatum from the republican guard. we will have to see how that goes. >> the army planning to clear the protesters within the next 57 minutes. thank you very much. 350 people have been killed by typhoon bopha in the southern philippines. another 400 missing. much of the damage seems to have been concentrated in eastern minden now. aid workers are still trying to get to the most isolated areas. -- eastern mindenau. >> three years old, yet a survivor of the storm with speeds of 200 kilometers per hour. he was badly injured by typhoon bopha. some people are still being found. mud and debris. there is fresh grief. the
. >> the syrian government is under increasing pressure tonight. the american and russian foreign ministers met with the u.n. envoy on syria and hillary clinton said events on the ground in syria are accelerating. she also joined the u.s. defense secretary in expressing concern that damascus is considering using chemical weapons against the rebels. >> i think there is no question that we remain very concerned, very concerned. as the opposition advances, in particular on damascus, the regime might very well consider the use of chemical weapons. >> secretary panetta went on to say that the white house made it clear there will be consequences should the assad regime make the mistake of using those weapons on its own people. for more on the perspective from damascus, i spoke a short time ago to the bbc's jeremy bolon -- jeremy bowen. >> the issue has been pretty firm on the use of chemical weapons. any news from damascus? >> i think the regime here can feel the pressure. it has been under huge pressure in the last couple of weeks, increasing pressure. of the most pressure has faced from the west, c
gets automatic tax increases from everybody, more government money from the private sector. he gets big cuts in the military, which he also wants. and if anything goes wrong, he blames the republicans. i don't think he cares. either way from his perspective he's a winner. if he was looking for a deal, he would be dealing. he's not dealing. he's campaigning. stuart: you say if we go over the cliff, he wins. if we go with his plan, he wins. no way he loses on this situation. liz: fiscal cliff diving at the 11th hour -- i hate the cliches, i'm tired of them but we will see an 11th hour deal on december 24th, christmas eve or new year's eve in the dead of night. i'm worried about that. a very bad deal no one will have read. stuart: i think there might be a deal at the very last minute in which the republicans say okay higher tax rates on people making more than a half million and we'll talk about spending cuts at some point in the future. david: i think there's a 50/50 chance there won't be a deal. stuart: that's why the dow industrials are doing nothing because nobody knows what's going to
to get your kid in college, government pointed out computer systems analysts and related fields very strong demand. that fits in that professional business services. good pay in that field. let's talk about the breakdown of race. african-american unemployment went down a little bit. 13.2%. >> still way too high. >> notice the disparities between the worker groups are still a problem. structural problems there. but the african-american unemployment rate went down and that's the trend. we have two years and change now of -- month after month of solid jobs creation. >> march of 2010. >> that was -- march of 2010, that was -- census hiring. and stimulus. >> quick question. this is a bit of a -- i read this report this morning that there were 600,000 jobs that could not be filled -- more than half a million jobs that couldn't be filled across this country last year, i believe, because we just didn't have skilled enough workers. and the first thing i thought was because we are not teaching them sciences or computer or technology. much of it had to do with up can't even answer a phone. you
's middle class. so i think it all is positive sentiments. the government is pumping more money, drive the infrastructure development. and i think that in the medium term over say the next couple months, the losses should be much better. >> all right. andrew, thank you. stick around. we'll come back to you you and talk more about the luxury sector. nick has views, as well, on the chinese stock market. speaking to cnbc a day after delivering his autumn statement in parliament, he said the budget plan would continue to attract investment to the british dealt markets. >> we have to get a control on spending. that's why i'm operating benefits by less than the rates of inflation. it's forecast to continue to fall, so we are making progress. britain started with a large deficit, but we're getting it down. >> you've drawn criticism about the lack of supporting growth. when will we see measures that booth the long term growth of the economy. >> i think you see two sorts of measures. big structural reforms to education and welfare, but also yesterday changes to our tax regime. so we now have on
tense face- off between the two branches of government. >> with 28 days left to come to a deal on the nation's fiscal cliff, the white house is holding firm on its proposal to raise taxes on the wealthy. spokesman jay carney. >> the obstacle remains at this point the refusal to acknowledge by republican leaders that there is no deal that achieves the kind of balance that is necessary without raising rates on the top 2% wealthiest americans. the math simply does not add up. >> ifill: the white house proposes raising $1.6 trillion in taxes over ten years, imposing higher rates on those making more than $250,000 a year. in a letter sent to the white house today, speaker of the house john boehner rejected the president's approach, writing that republicans cannot in good conscience agree to this approach which is neither balanced nor realistic. his counter-offer, save $2.2 trillion by among other things raising $800 billion in new revenues. the plan would also raise the future eligibility age for medicare and alter medicaid to save another $600 billion. the republican plan would not
oyster company at point reyes national seashore today sued the federal government for the right it to stay in that park. owners of the drake's bay oyster company are angry that the interior secretary has refused to renew their special use permit to operate the company inside the park. the suit claims the government's environmental impact review violated federal rules and failed to provide enough public notice. park service staff claim the oyster company endangers the wild nature of point reyes national seashore. >>> the strange saga of john mca fee continues today with word he is in guatemala seeking asylum. the anti-virus software founder posted a message on his blog today saying he escaped from belize. he says he is meeting with guatemalan officials today and if all goes well he'll do a press conference tomorrow. authorities in belize want to talk to him as a pen of interest in the murder of his neighbor. he claims he's innocent. >>> sonoma county firefighters are work to be determine the cause of a fire that left a house a total loss. crews from twelve agencies raced to stadl
this warning. so so at this point, there is not a crisis in the government, but the pdl dismantling the party and creating tension. >> claudia, who at the moment is -- which of parties would get the most seats in terms of polls and stuff in who is leads and would it benefit them if we had early elections? >> it doesn't look like there would be a lot of change, but if the pdl doesn't have time to get an alternative, it just leave as stronger center left which showed a very positivout come the way it managed its primary. so they have the majority, the center left. and the green leaf party is after that which just takes away from the center right government. so at this moment, it is the center left. >> claudia, thanks for that. let's get to today's global market report. equities in europe as you can see weighted to the down side around about 6:4, decliners outpacing advancers 3:2. that kind of ratio. show you where we stand with european markets. ftse 100 just down three points. xetra dax flat. up 27% this year, at the highest levels now since 2008. fresh 52 week high we closed at yesterday, as
-poohing government's role in provision nutrition for kids. i shot back at her, we had a couple exchanges and finally i said why don't we both live on food stamps. i went to bed not thinking much of it and got up the next morning and it had spread through the social media world, and was a bigger story. i called my staff and said we're doing this. >> you were on day four of this. this is the exact pile of food that you got. >> yes. >> what is interesting to me, you spent $29.78 on this, but when we tried to match it around here, in new york, we had to spend $57.37. >> right. >> implying that the government rate, if you like, for this food is clearly based right at the lowest possible level and may not be even possible for many people onn efood stamps. >> that's what we want to highlight. you have people who live in nutrition and food deserts who don't have access to fresh, healthy foods. i'm very lucky, i live a mile away so i walked to the superintendent. many people can't get in their car and go to the supermarket. we're trying to see not just what the challenges are living on this amount of money,
fears that the government may unleash deadly chemical weapons on its own people. that means more lives could be lost, and for americans it means that the u.s. would probably take action. president obama, secretary of state clinton and defense secretary leon panetta have warned president bashar al assad that using chemical weapons crosses the red line. >> the world is watching. the use of chemical weapons is and would be totally unacceptable. >> so the question is what would that action look like? cnn pentagon correspondent barbara starr has a look. >> reporter: randi, for defense secretary leon panetta, the major priority now is to try to determine syria's intent. does it intend to use chemical weapons? with the u.s. now believing the syrian government has chemical weapon-filled bombs, cnn has learned the pentagon is secretly updating military strike options for president obama in the event he orders action. a senior u.s. official tells cnn a strike could be carried out with the ships and aircraft already stationed in the region. the planning is being driven by the latest intelligence
to the regime since 2009 when the iranian government was caught off guard and saw the large presence on the internet and getting information from outside of the country and sending information from inside out. it was the twitter rev -- revolution. they were using youtube and blog citizen journalist . this is the dialogue and communication that the government wants to control. so on - >> gretchen: so they are putting satellite blockers. >> it is working. every time there is an obstacle in place they are fining ways to work around it they are technological savvy. three-quarters of the country is under the age of 35. this is not someone they can suppress for too much time . the message to the west and united states in particular, is that this is the achilles heel of the government in iran. they want to protect their existence and they feel vulnerable . they will go to any ends to stop this flow of information. >> gretchen: what should westerners be aware of? is there anything can do? >> support the iranian people in terms of the programs. in the 2009 uprising, there were independent com
going over the fiscal cliff. >> those three guys are here live. and the man who shut down the government under bill clinton. what newt gingrich thinks it will take to avoid that happening again. >>> plus one of my personal heroes, the fastest man in the history of planet earth. ja ma jamaican sprinter usain bolt revealing a talent you may not know he has. ♪ let's get together and feel all right ♪ >> this is "piers morgan tonight." >>> good evening. our big story tonight, you are so hot, america. i mean that literally. the temperature was a balmy 60 degrees this afternoon in new york just outside cnn's studios. the average high temperature in december is normally 43. a warm front has flooded the lower 48 states. quite extraordinary but is it evidence of man-made global warming? that's tonight's battleground america. joining me now, bill nye the science guy and mark morano, the publisher of climate depo.com. welcome to you both. let me start with you, mark, if i may. you are implacably opposed to the concept of man-made climate change. why? >> we followed the evidence. there are quite
increases. we're saying it now like it's normal. 25% of gdp for government spending and you've got bloated government already, you start there. you start at government spending. you don't immediately start spending another 50 billion in stimulus. >> that's going to be the question that boehner has to deal with. the president will have to deal with the far wings of his party. boehner started doing it. did you see they removed two tea party members from the budget committee? >> i don't want to raise taxes to fund 25% of gdp. >> and actually, the american taxpayers are being told to pay their fair share. they want to see real entitlement reform as well. but you have to deal with the issue on the table. i mean, the spending right now is a percentage of gdp is 24%. it's projected to go substantially higher. do you know that medicare and medicaid didn't exist 50 years ago and they're now a quarter of the federal budget? >> i know. it was supposed to be supplemental. david walker was on the other day talking about obama care which is supposed to save us a trillion dollars and the actual cost, wha
or the republican future. they honored jack kemp last night. marco rubio thing that limited government is the way to strengthen the middle class. and congressman paul ryan urging fellow republicans reach out to a broader group of american. >> this is essentially divide americans into our voters and their voters. to be clear. republicans plus dear need to steer far clear of that. [applause] we must speak to the aspirations of every american. i believe that we can turn on the incidence of upper mobility. it will require a bold departure from the approach government has taken over the last five decades. jenna: let's talk to rick perry. governor, what do you think about that. >> a full departure think you agree with that? >> for many years we have been working with folks on both sides of the aisle. we have been reaching out. i did 40% of the hispanic vote. it is one that i have bought during the presidential nominating process. we need to be talking about economic issues. we need to be talking about faith and family and how you strengthen those. how you strengthen an economy. i will suggest that we t
. >> blankets hang across one alleyway to block government snipers' line of sight. the shooting is coming from there, the sniper, one of the fighters points out. they take us further forward. crawling through holes punched between buildings. they're just telling us that it's because of the snipers that they have to move through the various buildings like this. it's an urban version of first world war trenches. they etched forward by just one block. going any further is back breaking work. a rebel dashes down the street carrying a makeshift rocket launcher. it's a plastic tube. he later displays the rocket. this is a homemade rocket that was manufactured by the fighters themselves in this very battlefield. but they can't find the sand bags to stabilize the launcher. the weapons the fighters carry are spoils of war, captured from government forces, but they also make a promise. there is a message we have, one of the older fighters vows. when this is over, the guns will be handed over. i am just fighting to see my house down the road, he says. it's hard to fully absorb the scale of the devastatio
-called haircut can be revisited. in the past, merkel's government had ruled out forgiving any debt. >> in corporate new, ubs is reportedly close to a settlement. the "new york times" says the swiss bank is expected to pay horn $450 million over claims that some of its employees submitted false libor rates. that's pretty huge story and we will take a look and ten to see what happens with this. also morgan stanley trader is under investigation by cme regulators over trades and treasury futures four years ago. at the time he was employed by goldman sachs. he's now head of global interest rates products at morgan stanley. the probe is aimed at establishing whether hadden's late trades hat manipulate closing prices and made other trades more profitable. also singapore airline says that it is in talks with interested parties to sell its 49% stake in virgin atlantic. delta is reportedly among the potential suit ors. delta is said to want to gain access on injury gain's landing rights at london heathrow. >> biggest international hub h around. i think an dwderson is really g. it's profita
that was first enacted in 1988 that governs the internet. there are proposals that are disturbing. 17 arab nations want greater government control and diversified internet users. if you identify who those people are the government wants to keep control can crack down on them. google is proposed. government is coming up with a treaty. the voices of internet companies and internet providers not being heard in this conference. there's a lot of opposition. >> it's not al gore? >> it's not al gore. >> there is a price to happiness. >> there is a price to happiness. used to pay 75,000 bucks. people in 13 countries. the average price globally in order to be happy 151,810 bucks. if you are wondering where you need the most money to be happy? due by hong kong 197,000, mexico, mexico 185,000 and italy 175,000. the places where you need the least money to be happy germany $8,500. united states is not part of that survey. we were surveyed you need to be wealthy most americans said $1 million. >> more money doesn't give you happiness, it just gives you more money. >> yahoo top searchs for 2012. >> what
not focused enough on what the government can be doing to try to spur job growth? beyond just -- >> there was a stimulus piece in the offer from the white house that was laughed at by the -- >> laughed at but could end up surviving. one of the things about the president's initial offer is it may have sent a bad signal to conservatives but it did have the effect of getting his folks behind him and really solidifying that base it felt in the past he gives too much and doesn't go for big enough in the beginning. this whole question of what, if anything government can do to try to stimulate additional job growth, something that he as president has to be thinking about, even if he believes, and i think he does, the economy is turning around if we can get this debt piece off the table, that it's going to free up more economic activity. but there's still a lot of caution on the part of business. >> and looking down the road, chris cizilla, the president also has a lot of foreign policy challenges, there's a threat of another nuclear weapons test from north korea, you've got chemical
government wants it to stop. >> during the holiday salvation army bell ringers can be seen and heard collecting donations across the bay area. no bell ringers on uc berkeley's campus but there is this. two clothing donation boxes in front of a dorm and many don't like it one bit. >> i think it's very problematic that the salvation army is presented in such a prominent way. >> student senator recently voted in favor of a campus resolution to remove the donation boxes. >> we think they should be replaced with an organization like the goodwill that doesn't discriminate based on sexual orientation. >> the university student government association believes the salvation army is antigay with a long history of discrimination. last summer an official with the charity told an australian radio show that according to scripture, gays must die. >> we have been suppliesed. i didn't know they were antigay, homophobics. >> many students support the move to ban the salvation army, but nick says no. he wants the books to stay. >> donating to the salvation army doesn't mean you're prejudice against gay
government that comes into power to more or less stick to the plan morsi set out. on the other hand, there's always spain, the worries that with 25% unemployment, that you would see the default rate particularly on residential mortgages shoot up, it's 3% now, which is pretty amazing given the struggles within the economy, but we think it will go up somewhat, but really not any more than people have already priced in. >> and then ten year yields, 5.24%. at the moment, relatively speaking, pretty comfortable. >> maybe a little bit too comfortable and we certainly don't want to get complace complacent.yields are where they were say in march of this year and then subsequently they shot up to 7.5%. we know with the draghi put that that won't happen, but we don't want to think that there is only one way -- >> yesterday said, look, sort of the idea of the risk on phrase, certainly for -- he was looking at it from credit markets, but would stay on until the middle >> i think lite bit more selective. it won't be just everything goes up now. we have to start thinking about companies and sectors agai
a term the government uses for rebels. >>> this is live look right now outside the presidential palace in cairo, egypt. this is where roughly 100,000 protestors have gathered in the streets. demonstrations have started to turn violent and police are using tear gas to stop people in closing in on the palace. protestors are upset over president mohammed morsi's decision last month to give himself unrestricted powers. >>> a u.s. navy spokesman says no american drones are missing despite claims by iran that it captured one. a commander says all of the unmanned surveillance aircraft in that region are accounted for. other nations in the gulf including the united arab emirates have drones in service. >>> president obama got input today from governors on how to resolve the budget standoff in washington. state governments of course would feel the pinch of automatic spending cuts kicking in at the end of the year but as danielle nottingham tells us, there's still a disagreement over how to avert the "fiscal cliff." >> reporter: three republican and three democratic governors gate the president
, but nonetheless, you have the other branches of government. . there's also the definition of the future of egyptian society. >> i was interested to see what you were writing about on the bbc website. you point out that while the elections may be exciting, the future of egypt is enshrine in this constitution that they are haggling over right now. >> and obviously, the constitution, you could argue whether egypt is better with or without one. probably better with one. although, there are great problems with freedom of religion, freedom of association, freedom of the press, freedom of rights for women. it will have to be improved upon. >> this is where political will and puritanism will be enshrined. >> will these various players compete to monopolize? that has been their experience and tradition going back tomorrow. or will this competition and tension actually produce respect for the roles of these institutions and compromise? something that they are clearly going to have to try to figure out. >> and you can see it even with americans in capitol hill. what are your thoughts about how thi
the other branches of government. . there's also the definition of the future of egyptian society. >> i was interested to see what you were writing about on the bbc website. you point out that while the elections may be exciting, the future of egypt is enshrine in this constitution that they are haggling over right now. >> and obviously, the constitution, you could argue whether egypt is better with or without one. probably better with one. although, there are great problems with freedom of religion, freedom of association, freedom of the press, freedom of rights for women. it will have to be improved upon. >> this is where political will and puritanism will be enshrined. >> will these various players compete to monopolize? that has been their experience and tradition going back tomorrow. or will this competition and tension actually produce respect for the roles of these institutions and compromise? something that they are clearly going to have to try to figure out. >> and you can see it even with americans in capitol hill. what are your thoughts about how this will work out? >> if you
but this week surfaced in guatemala to seek asylum. he says he is the victim of a government conspiracy in belize. >>> i had to leave but the story has to get out. i have documentation that proves the intense corruption at all levels of the belizian government. now that i'm in a safe place, i can speak freely. >> mcafee still may face deportation though back to belize. >>> the egyptian army now has tanks outside the presidential palace in cairo amid worsening clashes between protestors and supporters of the syrian government. overnight, violence killed five people and injured more than 600 others. mohamed morsi critics began protesting two weeks ago when the president gave himself unrestricted power. >>> an norms u.s. official says secretary of state hillary clinton plans to meet with russian diplomats and a u.n. peace envoy for syria. the civil war ramped up in recent days with violent attacks and the u.s. fears syria's leader bashar assad is closer to using chemical weapons against anti-government rebels. >>> a new warning about a baby recliner titled to several infant deaths. >> plus
of that new revenue for the government and being able to blame it on the republicans. >> paul: wait a minute, if you're saying we go over the cliff, nothing happens in december, come january the president will not turn around and insist on the middle class portion of in tax? >> i think if he was allowed to say, look, republicans wouldn't come along on this. >> paul: wait, wait, hold, hold. 20 million people will be hit-- more people would be hit by the alternative minimum tax, for example, if nothing happens. that's, that, and you know where the taxpayers are, james, i hate to tell you they're in your state, in new jersey, connecticut and in new york, and they're in california and illinois. a lot of places where democrats govern, because they have the most deductions at the federal level. >> well, as we've explained many times, the amount of money he can get from his tax rates on the rich, even if he got his buffet tax, it does nothing to solve the deficit problem. so, he knows eventually taxes are going to have to hit the middle class. a number of ways to do that, one is a vat tax, a carbon
investigation is expected next month. >>> an appeals court denies the government's request to reconsider a controversial stop- smoking campaign. the decision blocks a requirement that tobacco companies put large, graphic health warnings on cigarette packages, to show that smoking can disfigure and even kill people. the government has 90 days to appeal the decision to the u.s. supreme court. >>> republicans and democrats are digging in their heels. if they don't find compromise by the end of the year, taxes will go up for everyone. and massive spending cuts will automatically kick in. danielle nottingham has the latest on negotiations from capitol hill. >> reporter: house members left the capitol in the middle of the fiscal fight. they're not due back until next week. but house speaker john boehner is staying behind, ready to sit down with the president. >> we can't sit here and negotiate with ourselves. >> reporter: president obama is rejecting the republican proposal because it does not raise taxes on households making more than $250,000 a year. the
accountable. >> syria appears to be at a turning point. there are reports of the government preparing chemical weapons. the rebels securing the airport and more than 40,000 people dead. now some high profile senators are saying that we may have passed the point of no return. that's our focus this morning. when is enough enough? and yesterday i asked that question to a witness of some of the worst humanitarian crises in generations. cnn chief international correspondent christiane amanpour. she's also global affairs anchor for abc news. thank you so much for joining us. i want to start by playing a very famous clip of you speaking to then president bill clinton back in 1994 about the bosnian war, which at that point was going into its third year and had claimed tens of thousands of lives. >> as leader of the free world, as leader of the only superpower, why has it taken you, the united states, so long to articulate a policy on bosnia? why in the absence of a policy have you allowed the u.s. and the west to be held hostage to those who do have a clear policy, the bosnian serbs, and do you not th
. but sounding off, chanting anti-government and anti-president slogans. they've left that area, but the opposition still out here protesting against the president in tahrir square. >> we'll keep a close eye on that situation. i'm brooke baldwin in atlanta. thanks for being with me. let's go to wolf blitzer. "the situation room" begins right now. >>> happening now, president obama says we're out of time for anything but a down payment for solving the nation's spending crisis. >>> amid fears, the government may resort to chemical weapons, nato says yes to turkey to giving them patriot missiles. we'll talk to the former british prime minister, tony blair. >>> as they await a new heir to the throne, the british consider changing the rules about who can become king or queen. i'm wolf blitzer. you're in "the situation room." >>> we begin with president obama's latest ideas for getting past the standoff with house republicans. he now says there isn't enough time left to do a comprehensive deal, including tax reform, fixing medicare. so he wants congress to raise tax rates for the weal
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